New York, Feb 3, 2026, 13:59 (EST) — Regular session
- Procter & Gamble shares climbed roughly 1.6% in afternoon trading, outpacing the broader, softer U.S. stock market.
- Investors shifted away from software and cloud stocks, boosting consumer staples in the process.
- Traders are focused on the data blackout caused by the shutdown and P&G’s dividend payout scheduled for Feb. 17.
Procter & Gamble shares climbed roughly 1.6% to $155.63 Tuesday, pushing higher as investors sought refuge in defensive stocks.
The bid stood out as the wider market shifted risk-off, steering funds toward safer bets. Consumer staples ETF XLP rose around 1.6%, even as the S&P 500-tracking SPY dropped about 1.4%.
Software and cloud stocks took a hit, rattling traders worried about valuations and the speed at which new AI tools might upend established players. “Many areas, especially around AI, are priced for perfection,” noted John Campbell of Allspring Global Investments. (Reuters)
Other staples stocks moved similarly. Colgate-Palmolive climbed roughly 1.2%, Kimberly-Clark gained close to 0.7%, and Unilever edged up about 0.6%.
The company made headlines Monday with a new marketing push tied to Milano Cortina 2026. It launched a “Champions Clubhouse,” pitching it as a way to keep its brands in the spotlight during the Winter Games. “Our brands continue to be inspired by the dedication and excellence of the best athletes,” said Marc Pritchard in the announcement. (Procter & Gamble)
Investors remain focused on January’s earnings outlook. The company confirmed its fiscal 2026 guidance after posting $22.2 billion in net sales and core EPS of $1.88 for the latest quarter. Organic sales, which exclude currency effects and acquisitions, were flat. “Our results… keep us on track,” said CEO Shailesh Jejurikar. (Q4Cdn)
Tuesday’s defensive shift might be short-lived. Back in late January, Brian Mulberry of Zacks Investment Management flagged that “the consumer is making choices driven by cost,” a trend that can suppress volumes despite staples stocks attracting safe-haven interest. (Reuters)
It can flip quickly: if tech firms stabilize and investors turn back to growth, staples could lose their lead just as fast. The drop in major indexes Tuesday was mainly due to tech stocks slipping. (Investopedia)
Macro factors are clouding the outlook. The partial U.S. government shutdown has paused or postponed crucial labor-market data, like the monthly jobs report, fueling more uncertainty over rates and risk appetite. (Investopedia)
In Washington, the U.S. House of Representatives pushed forward a Trump-endorsed plan to end the shutdown by a slim margin, a move investors are eyeing closely for any signs of data resuming. (Reuters)
Procter & Gamble investors should mark Feb. 17 as the key date—it’s when the quarterly dividend hits, according to a recent regulatory filing. This week’s big-tech earnings, with Alphabet and Amazon reporting, will probably shape if Tuesday’s sector rotation holds. (SEC)
